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Hearing Aid Clinics in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Hearing Aid Clinics Market Research Report | Life Sciences | Healthcare Services | Jul 2014

Loud and clear: An aging population and greater healthcare access will ring in demand

IBISWorld’s Hearing Aid Clinics market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
Amplifon USA Amplifon USA market share
Industry Statistics & Market Size
Revenue
$3bn
Annual Growth 09-14
3.4%
Annual Growth 14-19
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Profit
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Employment
12,796
Businesses
6,221
Industry Analysis & Industry Trends

The Hearing Aid Clinics industry has contracted slightly during the past five years as declines in insurance coverage and consumer income combined with rising hearing aid prices. During the next five years, however, the industry is expected to improve, largely due to the implementation of the Patient Protection and Affordable Care Act. In addition, the number of individuals suffering from hearing deficiencies is expected to remain high as a result of the diabetes epidemic, the rising use of mobile music devices and an aging US population.... purchase to read more

Industry Report - Industry Investment Chapter

The Hearing Aid Clinics industry has a low level of capital intensity. IBISWorld estimates that for every $1.00 spent on wages, industry operators will allocate just $0.04 to capital investment. This figure has remained virtually unchanged over the past five years, as the capital requirements and labor dynamics of the industry have remained stable. Although the industry's products are technologically advanced, their sale is fairly straightforward. Hearing aid clinics require machines to test hearing acuity and to repair defective hearing aids, in addition to computers and software to bill patients and insurance companies. Industry service, however, are largely dependent on labor. Audiologists require a high level of skill and training to operate machines that test hearing... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Hearing Aid Clinics Industry?

This industry retails hearing aids for consumers of all demographics and ages. Industry operators also frequently provide hearing tests and consultation services within the store.

Industry Products
Analog hearing aidsDigital hearing aidsBatteries and accessories
 
Industry Activities
Selling hearing aid devicesProviding audiology examinationsProviding hearing consultation services


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